InVisage Secures Series C Venture Funding

Date:02/14/2011

Company:InVisage Technologies

Source:MarketWire

MENLO PARK, CA and BARCELONA, SPAIN–(Marketwire – February 14, 2011) - Mobile World Congress – InVisage Technologies, Inc. — a Silicon Valley-based start-up that is revolutionizing the image sensor market — today announced that it has received its series C round of venture funding, led by Intel Capital. The undisclosed amount will be used to bring the company’s breakthrough QuantumFilm™ technology and products into mass production. Intel Capital joins InVisage’s existing investors RockPort Capital, InterWest Partners, OnPoint Technologies and Charles River Ventures.

“Image sensors for smart phones and handheld devices are a huge market opportunity and InVisage is well positioned to capture significant market share,” says Dave Flanagan, managing director, Intel Capital. ”InVisage is the first company in a while to think differently about image sensors and we are confident that its products will lead the imaging market on a new vector of innovation.”

“The image sensor industry as a whole has focused entirely on increasing the number of pixels and has failed to see the big picture. As a result, there has been a lack of new ideas in the market for some time,” says Jess Lee, CEO, InVisage Technologies. ”InVisage’s QuantumFilm technology will bring stunning image quality and advanced new features to an industry that is desperate for true innovation.”